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Caledonia Mining (LON:CMCL) Reaches New 1-Year High - Time to Buy?

Caledonia Mining logo with Basic Materials background

Shares of Caledonia Mining Co. Plc (LON:CMCL - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,499 ($20.47) and last traded at GBX 1,490 ($20.35), with a volume of 18346 shares changing hands. The stock had previously closed at GBX 1,430 ($19.53).

Caledonia Mining Price Performance

The company has a debt-to-equity ratio of 6.38, a current ratio of 1.44 and a quick ratio of 0.97. The stock has a market capitalization of £368.85 million, a P/E ratio of 38.12 and a beta of 0.73. The stock's fifty day moving average is GBX 1,235.28 and its 200-day moving average is GBX 979.75.

Caledonia Mining Company Profile

(Get Free Report)

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia's primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces. The Company is listed in New York and London with a current Market Capitalisation of U$174m.

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